Global Biomethanol Market Research Report: Forecast (2024-2030)

Biomethanol Market Report - By Feedstock (Agriculture Waste, Municipal Waste, Forestry, Black Liquor, Others (Industrial waste, marine biomass, etc.)), By Production Technology (Gasification, Reformer... ... sification, Reformer (Anaerobic Fermentation), Others (Syngas Fermentation, Pulping cycle in pulp mills, etc.)), By Application (Transportation (Biodiesel Blend, Fuel additive), Power Generation, Chemical & Solvents, Others (building materials, plastics, etc.)), By End User (Marine, Power Utilities, Agriculture, Others (electronics, cosmetics, etc.)), and Others Read more

  • Energy
  • Feb 2024
  • 196
  • PDF, Excel, PPT

Market Definition

Biomethanol is a renewable & sustainable variant of methanol produced from biomass sources such as organic waste, agricultural residues, forest residues, and municipal waste through the process of biomass gasification or anaerobic digestion. It is considered a renewable energy source, as the carbon dioxide released during its combustion is balanced by the carbon dioxide absorbed during the growth of the biomass feedstock. It is also considered an alternative energy source owing to its high octane number and various advantages, including low flammability, high performance, and low emissions.

Market Insights & Analysis: Global Biomethanol Market (2024-30):

The Global Biomethanol Market size is estimated to grow at a CAGR of around 26.45% during the forecast period, i.e., 2024-30. The market growth is attributed to the rising importance of Biomethanol to mitigate climate change by substantially reducing or eliminating CO2 emissions, and in particular to the growing focus on holding the average global temperature at no more than 1.5°C. This implies achieving net carbon-neutral emissions across all sectors of the economy in the coming years. Low-emission methanol is expected to help in decarbonizing various sectors, particularly as a feedstock in the chemical industry or as a fuel in road or marine transport.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 26.45%
Regions Covered North America: US, Canada
Europe: Germany, The UK, France, Italy, Spain, The Netherlands, Rest of Europe
Asia-Pacific: China, India, Japan, Southeast Asia, Australia, Rest of Asia-Pacific
Latin  America: Mexico, Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, Egypt, South Africa, Rest of MEA
Key Companies Profiled Carbon Recycling International (CRI), Enerkem, Sodra, Veolia, BASF, Methanex Corporation, Mitsubishi Chemicals, IMC Enric Holdings Limited (CIMC ENRIC), OCI Global, European Energy, Proman, Others
Market Value (2023) USD Value

 

The Global Biomethanol Market is still in its nascent stage since production is currently low and there is ongoing research & development on the feasible end-use expansion of this low-emission fuel. Moreover, the high cost of renewable methanol is one of the main reasons hindering the growth of the market across the globe. Nonetheless, with the surging pressure from regulatory bodies and the green initiatives by national governments to curb the use of fossil fuels as primary energy, the use of Biomethanol is estimated to become economical in the upcoming years.

According to the IRENA, Biomass & Municipal Solid Waste (MSW), feedstock costs vary between USD 5 and USD 17 per gigajoule (GJ). With a lower feedstock cost range of around USD 6/GJ, the cost of Biomethanol is estimated to be in the range of approximately USD 320/t and USD 770/t. Furthermore, the pressing need to decarbonize one of the essential sectors of the economy, i.e., the transportation sector, which contributes substantially to global carbon emissions, positively enhances market growth. In 2022, as per the International Energy Agency (IEA), the transportation sector’s carbon emissions fueled nearly 8 Gt of CO2. Due to this, governments across the globe and major players in the transportation and logistics industries have initiated various plans to decrease the carbon intensity of transportation fuels. As a result, Biomethanol is now being used as a blend with conventional gasoline and diesel or as a pure biofuel in certain vehicles, particularly fuel cell-powered vehicles.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Bio-methanol Market Supply Chain Analysis
  5. Global Bio-methanol Market Trends & Development
  6. Global Bio-methanol Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Bio-methanol Market Hotspot & Opportunities
  8. Global Bio-methanol Market Policies & Regulations
  9. Global Bio-methanol Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Analysis
      1. By Feedstock
        1. Agriculture Waste- Market Size & Forecast 2019-2030, (Kilo Tons)
        2. Municipal Waste- Market Size & Forecast 2019-2030, (Kilo Tons)
        3. Forestry- Market Size & Forecast 2019-2030, (Kilo Tons)
        4. Black Liquor- Market Size & Forecast 2019-2030, (Kilo Tons)
        5. Others (Industrial waste, marine biomass, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
      2. By Production Technology
        1. Gasification- Market Size & Forecast 2019-2030, (Kilo Tons)
        2. Reformer (Anaerobic Fermentation)- Market Size & Forecast 2019-2030, (Kilo Tons)
        3. Others (Syngas Fermentation, Pulping cycle in pulp mills, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
      3. By Application
        1. Transportation (Biodiesel Blend, Fuel additive)- Market Size & Forecast 2019-2030, (Kilo Tons)
        2. Power Generation- Market Size & Forecast 2019-2030, (Kilo Tons)
        3. Chemical & Solvents- Market Size & Forecast 2019-2030, (Kilo Tons)
        4. Others (building materials, plastics, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
      4. By End User
        1. Marine- Market Size & Forecast 2019-2030, (Kilo Tons)
        2. Power Utilities- Market Size & Forecast 2019-2030, (Kilo Tons)
        3. Agriculture- Market Size & Forecast 2019-2030, (Kilo Tons)
        4. Others (electronics, cosmetics, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
      5. By Region
        1. North America
        2. Latin America
        3. Europe
        4. Asia-Pacific
        5. Rest of the World
      6. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  10. North America Bio-methanol Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Analysis
      1. By Feedstock- Market Size & Forecast 2019-2030, (Kilo Tons)
      2. By Production Technology- Market Size & Forecast 2019-2030, (Kilo Tons)
      3. By Application- Market Size & Forecast 2019-2030, (Kilo Tons)
      4. By End User- Market Size & Forecast 2019-2030, (Kilo Tons)
      5. By Country
        1. The US
        2. Canada
    3. The US Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    4. Canada Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
  11. Latin America Bio-methanol Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Feedstock- Market Size & Forecast 2019-2030, (Kilo Tons)
      2. By Production Technology- Market Size & Forecast 2019-2030, (Kilo Tons)
      3. By Application- Market Size & Forecast 2019-2030, (Kilo Tons)
      4. By End User- Market Size & Forecast 2019-2030, (Kilo Tons)
      5. By Country
        1. Mexico
        2. Brazil
        3. lia
        4. Rest of South America
    3. Mexico Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    4. Brazil Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    5. Argentina Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
  12. Europe Bio-methanol Market Outlook, 2019-2030
    1. Market Share & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Analysis
      1. By Feedstock- Market Size & Forecast 2019-2030, (Kilo Tons)
      2. By Production Technology- Market Size & Forecast 2019-2030, (Kilo Tons)
      3. By Application- Market Size & Forecast 2019-2030, (Kilo Tons)
      4. By End User- Market Size & Forecast 2019-2030, (Kilo Tons)
      5. By Country
        1. The UK
        2. Germany
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest of Europe
    3. The UK Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    4. Germany Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    5. France Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    6. The Netherlands Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    7. Italy Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    8. Spain Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
  13. Asia Pacific Bio-methanol Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Analysis
      1. By Feedstock- Market Size & Forecast 2019-2030, (Kilo Tons)
      2. By Production Technology- Market Size & Forecast 2019-2030, (Kilo Tons)
      3. By Application- Market Size & Forecast 2019-2030, (Kilo Tons)
      4. By End User- Market Size & Forecast 2019-2030, (Kilo Tons)
      5. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    4. Japan Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    5. India Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    6. South Korea Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
    7. Australia Bio-methanol Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Feedstock- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
  14. Global Bio-methanol Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Company Profiles
      1. Carbon Recycling International (CRI)
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Enerkem
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Sodra
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Veolia
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. BASF
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Methanex Corporation
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Mitsubishi Chemicals
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. IMC Enric Holdings Limited (CIMC ENRIC)
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. OCI Global
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. European Energy
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Proman
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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